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The SEC plans to introduce new guidelines for encryption regulation, which may relax self-custody and exemption mechanisms.
SEC Chairman Paul Atkins announced at the fourth cryptocurrency working group roundtable that the SEC will shift towards a more supportive regulatory policy for crypto assets, planning to formulate new guidelines concerning issuance and custody. He pointed out that future policies will be regulated through rulemaking and exemption mechanisms, and will consider allowing funds and advisors to self-custody under specific conditions. Additionally, Atkins stated that they will explore whether to provide conditional exemptions for registered or unregistered institutions proposing new products, in order to accommodate innovative products outside the existing regulatory framework. (TheBlock)